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Hi Red
I’ve basically been doing the same and agree on where this is heading. Most of the investors I talk to seem to think it’ll just simply be BHP or Jiangxi who walk away with this, whenever it happens, if the first bid is low I feel one or two more may show up.
As I’ve said before one day an RNS will land leaving no more room for speculation….. hopefully it’s not too far away.
DBW
Paid for them and bought some more.
Judging by his flurry of posts this morning time is ticking on that T20 purchase a few weeks ago…..
Tick tock……….
Because they obviously underestimated the reauirement and the time to process all the UKLA and Canadian requirements, including how long a prospectus would take to complete...
Its clear to me that it is only the latter that is holding up comopletion of the merger...
Once the merger is annoucned it will IMO be too late to buy shares...bid incoming...?
Nothing to see here just yet.
Back to poly and the money farm.
Bozi, the only circumstance I can envisage which would lead to the SR not being produced is if we've received a knock-out bid(s) which the board intend to pursue.
How likely is that? No idea, but given we haven't announced anything, I'd suggest it's unlikely.
Meanwhile....
15.88 to 16.50 to 16.16...solid buys going through...
Do I hear Dame Nelly Melba gargling in the wings...?
How is completeing the SR fundamental to a takeover...?
Maxit is a M&A specialist..I'vev said all along the SR is a smokescreen...
They've got a skeleton SM team...no permanent CEO, no permanet CFO, no Corporate Finance Exec (Ingo's roile'''to finance Cascabel), no Exploration Director/Executive (Jason Ward), no Technical Services Manager no Regional Exploration Manager no Director of Studies...all resigned...
And don't say Citi, because they were appointed for Bid defence and Maxit is now advisor to both companies...
Red - why no SR?
I can't get my head round this point.
The SR precedes any transaction. Bob will want the credit for deal making one of the most anticipated mining transactions in many a year (if one materialises).
Binning the SR is basically playing down his and Maxit's role.
I just can't see the leadership group doing that.
Red tomorrow or Monday I think let's see
No SR
Shares straight to Treasury
Merger completed
First bid
End.
Sorry to disappoint you Aquinaga...if you kept up you would know that we added c100k last week at 15.79 to take us to 2.5 million shares...
How many do you have...?
From January 9, 2023:
https://cornerstoneresources.com/news-releases/23-01-cornerstone-shareholders-approve-arrangement-with-solgold/
"Cornerstone will seek a final order of the Court of King’s Bench of Alberta to approve the Arrangement at a hearing scheduled to be held on January 10, 2023. Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions to closing, the Arrangement is expected to close in late January 2023."
DM, I think they may be trying to do both simultaneously and I'm pretty sure the SR will have made the assumption of a single entity from day 1.
Fortissimo,well be finding very soon imho
Red, for someone of your vast experience you don’t arf let your facade down.
Yes we all want this done but nothing is set in stone. Anyone in any size business knows that!
Out wanting to get back in?
‘soon thereafter' is the new imminent.
Anyone that still expects our management to deliver anything to schedule is ignoring the track record of the last 4-5 years.
I suspect if there actually is a delay it won't have been caused by the main body of the Prospectus, which is pretty much mechanical and boilerplate stuff. Instead, I think it's a result of the wish to include the result of the SR. As we know, this is the number 1 priority of the company and the various options being examined are very complex and will define the whole future of the company. Therefore, it's essential to get it right and it will take as long as it takes.
Perhaps the CGP directors/owners need a bit more time to run down their cash balance lol!
Did we get a guide on CGP's cash balance prior to merger RNS and more recently? Just a hunch but I reckon there won't be much left by the time they switch the CGP office lights off.
Do you still think it was wise to ask everyone here to ask friends and family to buy red?
It doesn’t stop you ramping for the past 3 years though, does it?
Desperado....why don't you come to your senses?
"Fast and smart..."
"By late January..."
Once again, overpromising and under delivering...years of incompetence...
Should we be surprised...?
16p is a safe bet - I think it can go either way. I'm definitely not in the camp of an imminent bid inbound, simply because there's no way the city wouldnt have it's dirty fingerprints all over this, and the reflection in the sp suggests it's not the case.. I'm happy to take an easy 10% from these levels, or an even bigger % if the sp falls below 15p. And I'm sure it will happen soonish either way.
GL